FirmaIQ
Org.nr 989 228 226 2017 → 2018 Year-over-year analysis

ADVOKAT TORE SVEEN AS: årsregnskap 2018 vs 2017

Grew 87% on revenue, cash halved-plus

approved 2019-06-07; registry 2019-06-22; journal 2019 498731

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVOKAT TORE SVEEN AS. Revenue 222.6k NOK → 416.6k NOK (+87.2%). Net result +841.6k NOK → +752.3k NOK. Equity 2.38m NOK → 3.13m NOK.

On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: net result weakened; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT TORE SVEEN AS.

At a glance

Scorecard

Revenue
222.6k NOK 416.6k NOK
+87.2%
Operating result
n/m +266.1k NOK
—
Net result
+841.6k NOK +752.3k NOK
-10.6%
Equity
2.38m NOK 3.13m NOK
+31.6%
Cash
738.6k NOK 88.9k NOK
-88.0%
Total assets
6.48m NOK 6.71m NOK
+3.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 222.6k NOK to 416.6k NOK (+87.2% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 2.38m NOK → 3.13m NOK (equity ratio 36.8% → 46.7%). Calculated

  • ↑

    Payroll decreased

    Salary cost 22.2k NOK → 13.6k NOK (10% → 3% of revenue). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +841.6k NOK → +752.3k NOK (net margin 378.1% → 180.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 738.6k NOK → 88.9k NOK (-88.0% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 226.4k NOK → 241.4k NOK. Reported fact